Nike may fall to 72.10 - 74.70

Our pivot point is at 87.5.

Our preference

Target 74.7.

Alternative scenario

Above 87.5, look for 92 and 94.7.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (84.3875) but above its 50 day moving average (82.455).

Supports and resistances

94.7 **

92 *

87.5 **

85.7

82.92 (USD-last)

77.3

74.7 **

72.1 *

69.4 **

Number of asterisks represents the strength of support and resistance levels.